TransCore’s Canadian Freight Index Records Highest Volume of Loads Since Mid 2008
TORONTO–(BUSINESS WIRE)–TransCore’s Canadian Freight Index climbs for fifth straight month, shows significant improvement year over year with a73 percent increase in spot market freight availability. The May 2010 index rose by 22 points over the previous month. Combined cross-border postings have increased 82 percent year over year. Truck postings have decreased by 14 percent for the same period indicating a reduction in capacity to meet demand.
Intermediaries and carriers across Canada list more than 12 million loads and trucks per year on Loadlink®, Canada’s largest logistics freight matching database and network. As a result of this high volume, TransCore’s Canadian Freight Index is representative of the ups and downs in spot market freight movement as well as provides a historical account of the domestic and cross border spot market freight movement.
The Loadlink freight matching database constitutes the largest Canadian network of freight carriers, freight brokers and intermediaries and has been available to Canadian subscribers since its inception in 1990.
The Loadlink network provides Canadian based companies with:
The largest online database of available loads and trucks
About TransCore’s Commercial Technology Group
TransCore’s Commercial Technology Group is a leading provider of transportation solutions in the United States and Canada serving brokers, carriers, and owner-operators with best-in-class products. TransCore established the largest freight matching network in North America by merging both U.S.-based DAT Services and Canadian-based Link Logistics online services. Loadlink has the largest Canadian freight matching database of loads and trucks and offers access to other services such as Quickpay, credit reports, insurance and operating authorities, dispatch software, mileage software and more. TransCore’s trailer tracking and in-cab communications solutions feature the industry’s fastest response times and state-of-the-art satellite networking.